Jaycee De Guzman
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PAL Holdings Inc. (PSE:PAL) is priced at ₱7.63 per share as of 03:30 PM GMT+8 on December 6, 2019. It went down by 1.42 percent.

The Total Turnover Value is at ₱48,678.00. The local traders are the main drivers of PAL today.

Foreign investors did not register a Net Foreign amount today. They are net buyers year-to-date, but their participation is insignificant.

The immediate support is near ₱7.46, while the immediate resistance is near ₱8.53.

My 10SMACD combo is bearish.

PAL’s risk level is low due to its historical volatility score of 23.69 percent.

Trade-Volume Distribution Analysis

Last Price: ₱ 7.63
VWAP: ₱7.60594
Dominant Range: ₱7.5 – ₱7.63

The Momentum Power Indicator of PAL is bearish because all of 4 elements are bearish.

True Market Sentiment – EOD

True Market Sentiment on PAL as of Dec-06-2019 at 03:30PM, with a last price of ₱7.630
True Market Sentiment: BEARISH
3 of the top 10 brokers registered a positive Net Amount
4 of the top 10 brokers registered a higher Buying Average than Selling Average
Top 10 Players’ Buying Average: ₱7.5800
Top 10 Players’ Selling Average: ₱7.5802
Bonus Info:
3 out of 5 participants or 60.00% of all participants registered a 100% BUYING activity
1 out of 5 participants or 20.00% of all participants registered a 100% SELLING activity

 

True Market Sentiment – WTD

True Market Sentiment on PAL from Dec-02-2019 to Dec-06-2019 at 03:30PM, with a last price of ₱7.630
True Market Sentiment: BEARISH
4 of the top 10 brokers registered a positive Net Amount
3 of the top 10 brokers registered a higher Buying Average than Selling Average
Top 10 Players’ Buying Average: ₱7.6680
Top 10 Players’ Selling Average: ₱7.6560
Bonus Info:
6 out of 16 participants or 37.50% of all participants registered a 100% BUYING activity
7 out of 16 participants or 43.75% of all participants registered a 100% SELLING activity

Recommendations

Do you have PAL in your portfolio already?

Judging it by the price action for the past few months, you should not have PAL in your portfolio by now. Your trailing stop must have already been hit.

You don’t have PAL yet but are you planning to enter a new position?

There is a management issue in this company at the moment. I am not expecting the sentiment to go north until that issue is closed as resolved. All indicators of my Evergreen Strategy show that it’s more than likely for the price to break below ₱7.46. Wait for the 10SMACD and Momentum Power Indicator to become bullish.

If you’re one of our subscribers, ask for our latest analysis and recommendation in our Private Clients Forum whenever you need to.

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